Price for Milking Machines and Dairy Machinery in Singapore - 2022
Contents:
- Price for Milking Machines and Dairy Machinery in Singapore (CIF) - 2022
- Price for Milking Machines and Dairy Machinery in Singapore (FOB) - 2022
- Imports of Milking Machines and Dairy Machinery in Singapore
- Exports of Milking Machines and Dairy Machinery in Singapore
Price for Milking Machines and Dairy Machinery in Singapore (CIF) - 2022
In 2022, the average import price for milking machines and dairy machineries amounted to $7,063 per unit, picking up by 3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($7,089 per unit) and New Zealand ($7,088 per unit), while the price for Indonesia ($6,608 per unit) and Malaysia ($7,048 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Milking Machines and Dairy Machinery in Singapore (FOB) - 2022
The average export price for milking machines and dairy machineries stood at $5,138 per unit in 2022, which is down by -34.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum at $7,874 per unit in 2021, and then reduced notably in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($5,809 per unit) and Australia ($5,747 per unit), while the average price for exports to Thailand ($4,662 per unit) and Indonesia ($4,895 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Milking Machines and Dairy Machinery in Singapore
In 2022, overseas purchases of milking machines and dairy machineries decreased by -28% to 232 units, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 153% against the previous year. As a result, imports attained the peak of 915 units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, milking machines and dairy machinery imports reduced rapidly to $1.6M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 166%. As a result, imports reached the peak of $5.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Milking Machines and Dairy Machinery in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 88.2 | 2,303 | 1,409 | 745 | 103.7% |
| New Zealand | 560 | 336 | 184 | 182 | -31.2% |
| Malaysia | 6.5 | 840 | 210 | 178 | 201.4% |
| United States | 72.5 | 913 | 17.9 | 168 | 32.3% |
| Sweden | 124 | 483 | 16.6 | 105 | -5.4% |
| Germany | 47.0 | 551 | 13.8 | 103 | 29.9% |
| Poland | 73.3 | 0.1 | 100 | 53.0 | -10.2% |
| Italy | 997 | N/A | 1.3 | N/A | -96.4% |
| Others | 131 | 160 | 251 | 105 | -7.1% |
| Total | 2,099 | 5,586 | 2,204 | 1,639 | -7.9% |
Top Suppliers of Milking Machines and Dairy Machinery to Singapore in 2022:
- Denmark (105.0 units)
- New Zealand (26.0 units)
- Malaysia (25.0 units)
- United States (24.0 units)
- Sweden (15.0 units)
- Germany (15.0 units)
- Poland (7.0 units)
Exports of Milking Machines and Dairy Machinery in Singapore
In 2022, approx. 1.1K units of milking machines and dairy machineries were exported from Singapore; increasing by 411% compared with 2021. Overall, exports saw a significant expansion. The exports peaked at 2K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, milking machines and dairy machinery exports skyrocketed to $5.6M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 357%. As a result, the exports reached the peak of $14M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Milking Machines and Dairy Machinery in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.9 | 9.7 | 0.2 | 3.6 | 23.7% |
| Malaysia | 0.6 | 3.0 | 1.4 | 1.5 | 35.7% |
| Philippines | N/A | 0.7 | N/A | 0.2 | -46.5% |
| Australia | N/A | 0.4 | N/A | 0.1 | -50.0% |
| Others | 0.5 | 0.1 | 0.1 | 0.1 | -41.5% |
| Total | 3.0 | 13.9 | 1.7 | 5.6 | 23.1% |
Top Export Markets for Milking Machines and Dairy Machinery from Singapore in 2022:
- Indonesia (744.0 units)
- Malaysia (274.0 units)
- Philippines (38.0 units)
- Australia (23.0 units)
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This report provides an in-depth analysis of the milking machine market in Singapore.
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This report provides an in-depth analysis of the milking machine market in Singapore.
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This report provides an in-depth analysis of the dairy machinery market in Singapore.
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This report provides an in-depth analysis of the global milking machine market.
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This report provides an in-depth analysis of the global dairy machinery market.
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